$3,800,000
$4,250,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 04/10/2024
Key Details
Sold Price $3,800,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23217739
Sold Date 04/10/24
HOA Y/N No
Year Built 1948
Lot Size 10,018 Sqft
Property Description
Park Side West Garden Apartments is a 17-unit multifamily investment property located at 101 - 107 Cherry Avenue in Long Beach, CA. Park Side West offers an attractive mix of studio and one-bedroom floor plans and amenities including private balconies (select units) and storage lockers. Units feature a mix of tile and carpet flooring, as well as granite countertops, tile backsplashes, and walk-in closets. Park Side West benefits from its unparalleled Alamitos Beach location, adjacent to Bixby Park and a short walk to popular local beaches. The property is just 0.40 miles from Retro Row, providing residents with easy access to some of Long Beach’s most unique and vibrant shops and restaurants. Additionally, residents enjoy Park Side West’s close proximity to Downtown Long Beach, the city’s cultural and financial hub. Furthermore, the property is just over 1.50 miles from the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. The property’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Park Side West Garden Apartments.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR4N
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7265020015
Energy Description 2075.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Seller Financing
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "